** Shares in Mexican restaurant and cafe chain operator Alsea BMV:ALSEA slide over 3% on Thursday, after it trims its 2025 guidance and Q3 earnings land below analysts forecasts
** Firm trims 2025 revenue forecast to high single-digit growth versus a prior low-double-digit estimate, and its core earnings forecast to a low single digit growth from a prior mid single-digit, says JPMorgan citing earning call
** Alsea points to worse-than-expected demand in September, as Starbucks continues to struggle in France and Mexican customers favor lower-priced items, JPMorgan says
** For Q3, Alsea reported a net profit up at 367 million pesos ($20 million), below analysts' 568 million forecast, while revenues hit 21.15 billion pesos versus an LSEG poll estimate of 22.16 billion
** Company predicts 6 billion pesos in capex this year and 5-5.5 billion pesos capex in 2026 as it focuses on remodeling stores
** Analysts at Scotiabank cite a "mixed bag" with positive signals from some countries, while those at Santander are optimistic: "We believe margins will improve in the coming quarters."
** Alsea's stock recovers ground in late morning after losing over 5% in early trading
($1 = 18.3694 Mexican pesos)